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cnbc.com
CrowdStrike posts best day ever, Okta's stock pops nearly 29% as rising AI threat lifts earnings
AI adoption is pushing customers to spend more on cybersecurity tools from companies such as CrowdStrike and Okta
cnbc.com
Treasury yields are little changed ahead of Jackson Hole
Treasury yields were little changed as investors geared up for a highly-anticipated speech from Fed Chair Kevin Warsh.
cnbc.com
Salesforce rockets 22% for second-best day ever, leading software rally
Salesforce reported a strong beat on second-quarter earnings and announced an expanded AI partnership with Anthropic.
cnbc.com
Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday. Here's what to expect
Prior Fed chairs have used the speech as an opportunity to lay out broad policy frameworks and intentions.
cnbc.com
Trump signs order to rename Lake Ontario 'Lake America' amid Canada trade war
President Donald Trump signed an executive order that he said will "immediately" change the name of Lake Ontario to "Lake America."
cnbc.com
SpaceX shares are doing something very unusual. Options traders are taking note
After debuting as the most volatile stock among its large-cap peers, Elon Musk's astronomic equity hasn't moved in three weeks.
cnbc.com
SK Hynix CEO says Indiana will be key memory production base by 2030, first U.S. facility now underway
At the groundbreaking ceremony for SK Hynix's first U.S. facility, CEO Kwak Noh-Jung says Indiana will be a key memory production base by 2030.
cnbc.com
U.S. considers fresh round of tariffs on semiconductors, report says
As tech giants race to beat China in the AI infrastructure build-out, the U.S. is reportedly considering enforcing tariffs on semiconductors.
cnbc.com
Nvidia agrees to buy Hugging Face for $12.9 billion, report says
Nvidia reportedly agreed to buy open source AI platform Hugging Face for $12.9 billion as the chipmaker expands deeper into the AI ecosystem.
theguardian.com
The Guardian view on energy costs: vulnerable households need help with their bills | Editorial
Soaring prices are plunging struggling families into debt. The government must support them in the short term as it invests in a clean energy futureFuelled by the consequences of Donald Trump’s disastrous war on Iran, household energy debt in Britain is continuing to soar, rising to a record £6bn by the end of June. That figure is set to hit £7bn by the end of the year, as the government’s cap on gas and electricity prices goes up to a three-year high in October. The human cost among the less well off will be more people regularly choosing whether to skip meals, ignore other bills or stay cold this winter.Such is life at the sharp end of the cost of living crisis, which Andy Burnham has made it his priority to address since arriving in Downing Street. The day after he became prime minister, Mr Burnham announced that VAT would be removed from electricity bills from the beginning of October. But the Middle East-related rise in the price cap, announced on Wednesday, more than wipes out the effect of his cut. In an era of geopolitical volatility, high energy costs have become the new normal. Continue reading...
cnbc.com
Fed's Hammack says 'now is the time to act' on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
theguardian.com
Ex-Barclays boss denies having sex with woman dressed as Snow White after Epstein emails
Jes Staley made comments to US lawmakers investigating his links to the convicted sex offenderThe former Barclays boss Jes Staley has denied having sex with a woman dressed as Snow White, after being questioned about an infamous email exchange about Disney princesses with Jeffrey Epstein.The comments were detailed in newly released transcripts from a closed-door interview last month with US lawmakers as part of their investigation into Epstein, who died in prison in August 2019 while awaiting trial on child sex-trafficking charges. Continue reading...
bbc.co.uk
Hackers steal data from millions of airport customers
About 8.7 million customers had their data accessed and a ransom was demanded.
bbc.co.uk
One in eight young people still out of work or education ahead of major review
Just under one million young people in the UK are not in education, employment or training (Neet).
theguardian.com
Three UK airports hit by cyber-attack with data of 8.7m customers accessed
Company that runs Manchester, Stansted and East Midlands hubs says passenger safety is unaffectedBusiness live – latest updatesManchester, London Stansted and East Midlands airports have been hit by a cyber-attack in which hackers accessed the data of about 8.7 million customers.The incident involved data related to “car park, lounge and fast-track bookings and in-airport wifi sign-ups”, and the hackers obtained email addresses, phone numbers, vehicle registration numbers and postcodes, said Manchester Airports Group (MAG), which operates the three hubs. Continue reading...
cnbc.com
Nvidia is bolstering support for Chinese open AI models as it warns of White House crackdown
Nvidia is optimizing hardware for DeepSeek and Qwen while warning that potential U.S. restrictions on models originating in China could hurt its business.
cnbc.com
After Meta's landmark settlement with state AGs, legal headaches remain
Meta's agreement to settle a federal social media addiction case with state AGs doesn't absolve the company of similar litigation or potential regulation.
cnbc.com
Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive
The policymaker stopped just short of calling for an interest rate hike.
theguardian.com
Bots and bargains: Zara owner launches cut-price Lefties in UK to rival Primark
First robot-assisted outlet opens in Liverpool to take on Shein and supermarkets in clothing, shoes and homewares Business live – latest updatesThe owner of Zara is taking on Primark, Shein and the supermarkets with the launch of its cut-price chain Lefties in Britain, backed by an army of robots.The Spanish fashion brand opened its first UK store in Liverpool on Thursday, a few weeks after quietly launching its UK website. Continue reading...
cnbc.com
Salesforce stock jumps 18% on AI growth and Anthropic investment gain
Salesforce's Anthropic stake led to higher profit in the latest quarter.
cnbc.com
CIA chief John Ratcliffe reportedly made secretive Moscow trip to warn Russia against attacking NATO
Russia and Ukraine have intensified long-range drone and missile strikes as fears of further escalation grow.
theguardian.com
AI-proof? Younger workers desert the digital world for traditional crafts
In a disrupted job market people are turning to heritage crafts such as bookbinding, metalwork and boatbuildingIt’s a bleak moment for young people entering the workforce for the first time. For decades, a university degree seemed to promise a stable career – but entry-level white-collar jobs across almost all sectors are being disrupted by AI. Budding accountants, software engineers and junior lawyers increasingly find themselves displaced by cheap automation.Even creative fields are struggling against AI tech that can produce artwork, lengthy prose or complex design briefs in seconds. Continue reading...
bbc.co.uk
What the Meta settlement means for the UK, and other questions after the deal
Other social media firms are yet to respond, while the debate from campaigners is far from over.
theguardian.com
An $18bn settlement is a drop in the ocean for Meta – but the tide will still come for it | Chris Stokel-Walker
This week’s settlement without liability was pragmatic, but it doesn’t change the inevitability of further lawsuits around the world Not many people would count paying $18bn they didn’t expect to when they woke up that morning as a victory. Yet for Meta, the owners of Facebook and Instagram, the agreement with 52 US attorneys general to settle claims that it designed its products to be addictive to children, and misled people about their safety, could be described as a win of sorts.Meta denies wrongdoing, and the amount it plans to pay will be spread over a decade. Some of it is contingent on other big tech firms not named in its case coughing up too. The cash is chump change for Meta, which made around $60bn in profit last year. More damaging to the tech giant in the long run could be the agreement to unwind some of the mechanics it has spent two decades perfecting to keep us on its platforms.Chris Stokel-Walker is the author of TikTok Boom: The Inside Story of the World’s Favourite AppDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
The toy industry's latest craze is cheap, colorful and very squishy
Squishy toys are booming, with social media and low prices helping fuel the craze.
cnbc.com
American Airlines adds batch of new international routes on its XLR planes
American is adding seven routes to its 2027 schedule, with the majority heading to smaller European cities from its Philadelphia hub or from New York City.
bbc.co.uk
Much-loved ice cream shop to close after 106 years
The family-run shop has been a fixture in Brislington, Bristol since the 1920s.
theguardian.com
CEOs earn 614 times more than workers at US’s 100 lowest-paying corporations
Analysis by Institute for Policy Studies found that between 2019 and 2025, CEO compensation increased 41.4%The average CEO of the US’s 100 largest, lowest-paying corporations earned 614 times more than their average worker last year, according to an analysis by the Institute for Policy Studies (IPS).IPS’s latest executive excess report analyzed compensation at the 100 S&P 500 corporations with the lowest median worker pay. Between 2019 and 2025, CEO compensation increased 41.4%, unadjusted for inflation, twice as much as the median worker pay increased at these firms during the same period, at 20.7%. Continue reading...
theguardian.com
UK expects Meta to match US child safety measures after $18bn settlement
Minister calls for Instagram owner to extend sweeping new safeguards for young users to BritainUK politics live – latest updatesBusiness live – latest updatesThe UK government expects the Instagram owner Meta to roll out the same protections for children in Britain as those it agreed in the US on Wednesday, as part of a court settlement that could cost the company up to $18bn (£13bn).Pat McFadden, the work and pensions secretary, said on Thursday he did not want young people in the US to have “a higher rate of protection” than those in Britain, after Meta settled a lawsuit brought by dozens of US states accusing the company of harming children with dangerous products. Continue reading...
theguardian.com
If MPs want to take on Nigel Farage over his dodgy finances, they need to clean up their own act | Frances Ryan
It’s hard to beat back charges that MPs are ‘all the same’ when they have accepted £400k in freebies this year – £100k up on last yearHow has your summer been? Done anything nice? As MPs prepare to head back to parliament next week, you’ll be relieved to hear that some of the most prominent figures in British politics have been enjoying the season’s cultural highlights – and without paying a penny. MPs throughout the Commons have received £400,000 of “freebies” to concerts, sports matches and other events so far this year, according to the most recent disclosures.Over the summer alone, Wes Streeting, now the defence secretary, enjoyed the Chelsea flower show thanks to Lloyds Banking Group covering the £1,839 cost, as did the shadow chancellor, Mel Stride. Lucy Powell, who has since become deputy leader of the Labour party and education secretary, accepted £858-worth of tickets to a Harry Styles concert at Wembley from the PRS for Music industry group. Meanwhile, the Conservative leader, Kemi Badenoch, nabbed seats at Wimbledon worth £1,360 from the All England Club. Continue reading...
bbc.co.uk
Plug-in solar panels are coming to a shop near you - here's what to know
The UK government claimes panels could help homes "significantly cut" energy bills.
theguardian.com
Firm fined for hounding elderly people with nuisance calls claiming to stop … nuisance calls
Elderly Aids Ltd, which sells call-blocking devices, made 758,053 cold calls between May 2024 and February 2025A company that made its money promising to protect older people from nuisance calls has been fined £190,000 for “hounding” them with hundreds of thousands of nuisance calls of its own.The Information Commissioner’s Office (ICO) said Elderly Aids Ltd, a company selling call-blocking devices, made 758,053 cold calls between May 2024 and February 2025 to try to sell its products. Continue reading...
theguardian.com
UK’s small power plants face higher cyber risk into 2030s despite Iran-linked hack
Decision not to improve resilience sooner described as ‘unacceptable gamble with our national security’Hundreds of Britain’s smallest power plants could remain at a higher risk to state-sponsored cyber-attacks until the 2030s despite a successful Iran-linked hack last month, it has emerged.Officials this week briefed energy bosses on the breach, which is understood to have shut an unnamed small gas power plant for four days last month, and put the industry on alert over the growing cyber threat facing energy infrastructure. Continue reading...
bbc.co.uk
'End of an era' for ice cream shop open 106 years
The Tarr family say they are "devastated" to announce they will have to close due to rising costs.
bbc.co.uk
Want your job application to stand out? Employers say they look for these skills
Experts have identified six key skills that will count as much as qualifications in getting and keeping a job in the coming decade.
cnbc.com
Qatari PM heads to Iran to 'de-escalate tensions' as tanker attack tests Trump’s Hormuz claim
The Prime Minister of U.S.-ally Qatar is in Iran for talks on Thursday as part of efforts to "de-escalate tensions" between Tehran and Washington.
theguardian.com
City firms race to prepare for FCA crackdown on bullying and harassment
Rules will require hedge funds, insurers and pension firms to report all non-financial wrongdoing The City’s largest hedge funds, insurers and pension funds are racing to prepare for sweeping rules that will stop nearly 40,000 companies from hiding bullying and harassment cases from the financial watchdog.From the start of next month, the Financial Conduct Authority (FCA) will expand a crackdown on bad behaviour in the banking industry to a wider group of City investment firms and brokers. Continue reading...
cnbc.com
Z.ai shares surge 8% after releasing new AI model running only on Chinese chips
The Chinese AI company said it had already launched the model globally in stealth mode for a week.
cnbc.com
Qantas shares jump after earnings as airline unveils new business-class seats
Qantas shares jumped 4% after the airline reported full-year earnings and introduced new business-class seats amid strong demand for premium travel.
theguardian.com
‘Forever chemicals’ surge during pilot of Thames Water plan to combat drought
Exclusive: utility company wants to draw off tens of millions of litres of water a day from Thames and replace it with treated effluentLevels of a toxic “forever chemical” rose to 13 times the legal limit during Thames Water pilots for a controversial multimillion pound water recycling scheme that will pump millions of litres of treated sewage into the River Thames during drought.The data from the pilots is in stark contrast to public comments from Thames Water that their water recycling project in south-west London will not harm the riverine environment. Continue reading...
cnbc.com
Europe’s gas stores are running low — and prices could top 100 euros this winter
Europe’s gas stores are historically low for this time of year, as disrupted Middle East LNG flows raise the risk of sharply higher prices this winter.
theguardian.com
Giant cyborg cockroaches designed to help in search and rescue operations - video
Biorobotics engineers have been working on the design of six-legged cyborg insects with cameras and miniature medical injectors for search and rescue missions. The roaches are designed to deliver emergency aid to people trapped in collapsed buildings, caves or other places too dangerous for rescuers to reachCyborg cockroaches with tiny syringes designed to join search and rescue teams in major disasters Continue reading...
theguardian.com
The flat-pack skyscraper: how wood can shape the cities of the future
Our buildings are monuments to extraction and extreme emissions. But what if we turned from destructive concrete to timber?Last chance to buy the summer issue of The Long Read magazine, now with 15% off. Click here to orderI travelled to Oslo in the early autumn. It felt like arriving into the future. Or, at least, a fragment of a possible future. I drove north in the quiet digital bubble of my electric rental car. In 2024, Norway became the first country in the world where electric cars outnumbered petrol cars.A smooth, pristine motorway unfolded between farmlands and low hillsides of dense green forest. Long tunnels carried the route up above the banks of Lake Mjøsa, Norway’s largest lake. After a little more than an hour, the road curved downward to run parallel to the lakeshore. Continue reading...
theguardian.com
Everyone hates datacentres. Do we really need them? – podcast
AI companies have promised us world-shifting technology. But there’s a cost: loud, unsightly datacentres that drain environmental resources. As the government pushes their rapid growth, can local communities do anything to push back? Madeleine Finlay speaks to the Guardian’s global technology reporter Aisha Down about the backlash to datacentres across the UK and around the worldFor tickets to the Science Weekly live event at the London podcast festival on the future of AI, visit the event page at kingsplace.co.ukSupport the Guardian: theguardian.com/sciencepod Continue reading...
theguardian.com
Top of the crops: record heatwaves help deliver bumper UK berry harvest
Investment in climate-resilient irrigation enables this year’s haul to rise 6% on 2025’s already bigger-than-usual yieldBritish farmers have faced a sweltering summer tested by heatwaves, wildfires and water shortages – but a bumper berry harvest could prove a rare bright spot.With two-thirds of the harvest now picked, this year’s haul is 6% up on last year’s already unusually large crop, according to British Berry Growers (BBG). Volumes of blackberries, blueberries and raspberries picked have been particularly strong, the trade body said. Continue reading...
cnbc.com
Japanese startups, IPOs set for boost with platform to trade unlisted companies
The Japanese regulator's registration of a new trading platform for unlisted shares could help create a more favorable capital-raising environment for the country's IPO ecosystem.
cnbc.com
China industrial profits growth cools to slowest in seven months as economic slowdown deepens
China's industrial profits growth in July slowed to its weakest pace this year, as soft demand and a broader slowdown in the economy weighed on manufacturers.
theguardian.com
Cyborg cockroaches with tiny syringes designed to join search and rescue teams in major disasters
Giant burrowing cockroaches with added cameras and medical injectors are being tested as potential ‘first responders’ in earthquakesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFor people trapped under rubble in an earthquake or similar disaster, the arrival of a fleet of cockroaches could one day be the difference between life and death.Biorobotics engineers have been working on the design of six-legged cyborg insects with cameras and miniature medical injectors for search and rescue missions. Continue reading...
cnbc.com
Inside India newsletter: U.S., Russia vie for a bigger slice of the world’s third-largest energy market
U.S. and Russia are competing to assert dominance in the world's third largest energy market.
theguardian.com
Drone video shows heat signature of datacenter turbines
Drone video shows heat signature of datacenter turbines Continue reading...
bbc.co.uk
From lighting to vintage gems: Five ways to spruce up your rental
Experts share tips on how to make a flat or house feel like your own without annoying the landlord.
bbc.co.uk
Meta's $18bn settlement may hasten reckoning for social media on child safety
Perhaps our days of doomscrolling are numbered, writes the BBC's technology editor Zoe Kleinman.
bbc.co.uk
How Dolly Parton's business savvy helped her succeed far beyond the charts
While country music and films brought her fame, her entrepreneurial zeal brought her fortune.
theguardian.com
Nvidia’s quarterly revenue doubles to nearly $100bn as CEO declares ‘golden age’
The $5tn firm beat Wall Street expectations for yet another blockbuster quarter, though stock made only modest gainsNvidia announced on Wednesday that its quarterly revenue had doubled in a year to nearly $100bn. Jensen Huang, the founder and CEO, jubilantly declared that demand was accelerating as the AI industry had reached a “golden age”.The chipmaker, the most valuable company in the world with a $5tn market cap, brought in $96.2bn in revenue, beating Wall Street expectations of $92bn in the second quarter. That’s 106% more than the company saw in revenue this time last year. The company expects its revenue to continue to grow to $108bn by the end of the third quarter, higher than analysts predicted. Continue reading...
theguardian.com
Meta’s settlement will compel others to bend the knee and set up teen guardrails
Instagram and Facebook’s parent company agreed to sweeping alterations and a payment of up to $18bn to settle a landmark trialMeta’s agreement to change how teenagers use its social networks marks a major turning point for the US tech giant, setting a precedent that could significantly reshape how other social media operates in the coming years.Meta agreed to substantial alterations to Instagram and Facebook on Wednesday as part of a settlement to end a landmark lawsuit. Dozens of US states had accused it of addicting and harming children with dangerous products. The company also agreed to pay up to a combined $18bn over a decade to several US states and territories involved in the suit. Continue reading...
bbc.co.uk
Unexpected chat between OpenAI agents led to Hugging Face hack
OpenAI's cyber agents banded together to perform a hack during a security test.
bbc.co.uk
Nvidia revenue doubles on continued AI demand
Chipmaker's $96bn quarter beat forecasts as demand for AI hardware continues to accelerate.
theguardian.com
No more UK energy bills support likely before price cap rise
Andy Burnham stops short of pledging further help as gas and electricity prices due to increase by 4% in OctoberHouseholds are unlikely to receive further energy bills support before the October price cap, though more targeted measures could be looked at if there is a further shock in January, government sources said.Gas and electricity prices will rise by 4% from October under the new cap. The government has already removed VAT from domestic electricity bills to save average households £45 a year, a move announced in Andy Burnham’s first week in office. Continue reading...
theguardian.com
What’s about to change on Facebook and Instagram: six key takeaways from the end of the Meta trial
Settlement agreement says Meta must make many safety and wellness features the default option for young usersMeta has agreed to put new guardrails on teenagers’ use of its apps, in a decision that could fundamentally change the social media experience for young people in the US.In a turnaround, the social media giant will make several safety limitations the default option for young users, instead of requiring them to opt in. Continue reading...
theguardian.com
‘Work is good for you’: how UK scheme could help tackle youth mental health crisis
Paid employment can boost confidence and wellbeing, says Pat McFadden as jobs guarantee scheme gets under wayWork must be “part of the answer” to the mental health crisis among young people, the work and pensions secretary, Pat McFadden, has said as he met some of the first beneficiaries of Labour’s youth jobs guarantee scheme.He was speaking on a visit to Boots’s headquarters in Nottingham on Wednesday, where several 18- to 21-year-olds were taken on under the job guarantee – with their wages paid by the taxpayer for six months. Continue reading...
theguardian.com
Plug-in balcony solar panels to go on sale in UK for first time
DIY system will be stocked by big retailers, starting with Argos, enabling more homes to lower bills by generating own electricityPlug-in solar: could a low-cost panel cut your bills?Plug-in solar panels will go on sale in the UK for the first time from Thursday, allowing households unable to use rooftop panels to also generate their own cheap electricity.Households across the country will be able to join the millions across mainland Europe who generate their own renewable electricity using “balcony solar panels”, which will be stocked by some of the UK’s biggest retailers. Continue reading...
bbc.co.uk
Meta to pay up to $18bn to settle claims its platforms harm children
The deal has been reached during a California federal court trial over claims brought by US states.
cnbc.com
Meta settles social media addiction case with California, other states for $16.7 billion
Meta and state attorneys general settled a federal trial centering on allegations that company misrepresented the extent of child-related mental health harms.
cnbc.com
OpenAI releases sweeping report on Hugging Face AI agent hack
The 37-page report walks through the actions that OpenAI's models took during a series of evaluations prior to and during the Hugging Face breach.
theguardian.com
OpenAI staff observed warning signs before AI agent hacking crusade caused global alarm
Firm says ‘early signals … could have triggered an earlier response’ as it releases report into Hugging Face hackOpenAI staff observed signs of rogue behaviour among its leading-edge AI agents weeks before they escaped their training environment to launch an unprecedented hacking crusade that spread global alarm.The San Francisco AI company conceded on Wednesday that “early signals … could have triggered an earlier response”, as it released a report into the days-long July hack of a major software repository, Hugging Face, considered the first autonomous agent cyber-attack. Continue reading...
bbc.co.uk
'Ironing board' seats to be replaced on Thameslink
Greater Thameslink Railway says these upgrades are part of the wider renationalisation plans.
cnbc.com
Bill Gates warns ‘there is no plan’ for the ‘upheaval’ AI will cause
Bill Gates warned governments are not adequately preparing for how AI could displace workers, strain social systems and create global risks.
theguardian.com
The London stock market dodged a bullet with Shein | Nils Pratley
China’s fashion giant will list in Hong Kong with a shrunken price tag – and big questions over its business modelIn a parallel world, we might now be preparing for the arrival on the London stock market of Shein, the giant Chinese-founded fast-fashion retailer. Or it could have happened already.The possibility of a London flotation was a running story during 2024 and into last year as politicians from both main parties engaged in behind-the-scenes wooing. Shein was seen as a shot of tech adrenalin for a listless local listings scene, and an opportunity to advertise the UK’s openness to international capital. Continue reading...
theguardian.com
Decoding America: Could datacentres lose Trump the midterms? - podcast
In this episode of Guardian Australia’s US politics podcast Decoding America, co-hosts Jonathan Yerushalmy and Reged Ahmad explore why datacentres in the US have provoked such anger – and whether that could harm Republicans in the midterms given Donald Trump is such a supporter of the growing industry.They also look at why the US and Canada are fighting over tariffs. The Canadian prime minister, Mark Carney, is pushing back and both countries could be on the cusp of a full-blown trade war.Finally: why does the Trump administration’s secretary of transportation, Sean Duffy, have his very own YouTube show – and is he the only one?Read more:Canada announces retaliatory tariffs on wide range of US goodsTrump-backed Ken Paxton unveils ‘Texas first’ datacenter plan aimed at ‘negative impact’ Continue reading...
cnbc.com
I manage Dolly Parton’s Imagination Library in Cincinnati—the No. 1 lesson she taught me about success
Cincinnati literacy leader Kristy High reflects on Dolly Parton’s Imagination Library and the lesson Parton's philanthropy taught her about success.
bbc.co.uk
Reform proposes £30 tax rebate for HMRC phone delays
People on hold to HMRC for more than 30 minutes would get a tax credit under plans announced by Robert Jenrick.
cnbc.com
Dollar and bond markets 'on edge' ahead of Jackson Hole as Bessent's market intervention piles pressure on Warsh
Strategists said investors were approaching Jackson Hole “on the back foot."
bbc.co.uk
Jersey earnings rise by 1.2% after inflation
Statistics Jersey says the increase is "slightly lower" than the long-term annual average.
cnbc.com
Hyundai has grown more than any automaker in the U.S. — and it's not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
bbc.co.uk
Household energy bills to hit three-year high as Ofgem announces 4% rise from October
A household using a typical amount of gas and electricity will pay £60 a year more, regulator Ofgem says.
theguardian.com
On scraps of land and under constant threat, Gaza farmers struggle to survive
Efforts to rebuild domestic food production face severe challenges and have come at deadly costAs Gaza’s population of 2.1 million has been hemmed into an ever smaller slice of the territory, farmers are using every last remaining patch of unspoiled earth, no matter how tiny, in their struggle to survive.With severe shortages of water, fertiliser and pesticide, and with more than 80% of greenhouses ruined, it has taken inventiveness and determination to clear land of debris and coax new seedlings into life. Moreover, venturing out into the open to tend to plants can be deadly. Continue reading...
bbc.co.uk
Why high energy bills look like they are here to stay
The government is under pressure to support billpayers when domestic energy prices predicted to rise further.
theguardian.com
How Mark Carney’s speeches have become political earthquakes | Ted Widmer
The quiet-spoken Canadian prime minister has spoken unutterable truthsIs it perhaps a sign of the times that Mark Carney, the prime minister of Canada, has become a thrilling orator? A sober banker, he speaks calmly, without many vocal inflections. We expect Canadians to be somewhat flat; even a little boring, and yet Carney has already delivered two remarkable speeches in 2026, and the year is far from over.The first, at Davos, described a “rupture in the world order”, and “the end of a pleasant fiction”. By that, he meant that the world could no longer depend on the United States to lead the Pax Americana that has largely kept the peace since the end of the second world war. Continue reading...
theguardian.com
‘132F’: meet the man calling out NYC’s infernally hot subway stations
Jack Klein takes heat readings, gives fans to overheated passengers and lugs big jugs of water into the stationsOn a recent August day in the subterranean furnace of New York City’s subway, one bearded, curly-haired man was studying his phone for different reasons than the other wilting passengers – to track the soaring temperatures and ponder how underground train stations can cool down in an era of climate crisis.Jack Klein, a 31-year-old construction site manager, has in the past two years taken it upon himself to become a sort of guerrilla subway heat operative, sticking teardrop-shaped thermometers to steel beams in seven of the hottest Manhattan stations and posting social media videos of the hades-like summer temperatures that commuters have to endure. Continue reading...
bbc.co.uk
Energy prices to rise to three-year high
Energy bills for millions of households are expected to rise this winter to the highest level for three years
theguardian.com
Labour’s energy bills crisis is getting worse. Political honesty is essential | Nils Pratley
Ofgem and ministers should be transparent about why energy bills for households are expected to stay stubbornly highBritons face highest price cap in three years as energy bills rise 4% from OctoberAnother Ofgem energy price cap day, another increase in bills. Miatta Fahnbulleh, the new energy secretary, can blame the usual culprit on Wednesday – the fossil fuel price “rollercoaster”, given a shove this time by Donald Trump’s Middle East misadventure. Higher gas prices will indeed be the main quarter-on-quarter reason why bills stand at a three-year high on a unit basis.But there is more to the tale on a longer view. Even when the gas rollercoaster dips downwards, the energy industry’s medium-term projections suggest bills will not fall meaningfully. Continue reading...
theguardian.com
Britons face highest price cap in three years as energy bills rise 4% from October
A typical household in Great Britain will pay £1,723 a year, prompting calls for more supportNils Pratley: Labour’s energy bills crisis is getting worseMillions of British households will face the highest energy charges in three years this winter after months of rising market prices pushed up the government’s price cap for the second time in three months.Gas and electricity prices will rise by 4% from October under the new cap, after climbing 13% at the start of July to take account of global energy market price rises caused by the war on Iran. Continue reading...
theguardian.com
Two years in limbo: the residents still paying mortgages on flats destroyed in east London fire
Spectrum Building leaseholders awaiting payouts after freeholder, Arinium, went bankrupt shortly after 2024 blazeSarah Williams vividly remembers the night in 2016 when she camped overnight in a car park to put down a deposit on a flat in the newly completed Spectrum Building in Dagenham, east London.“People started queuing for those flats 24 hours before they went on sale,” she said. “It was basically the only flat I could afford in London. This was a year before Grenfell, and the flats market in London was completely crazy.” Continue reading...
theguardian.com
‘A mockery’: how offshore tax havens are thwarting the UK’s transparency push
Critics say ownership registers are too costly and too complicated, scuppering attempts to expose alleged money launderingSince Britain’s offshore secrecy jurisdictions caved in to pressure from Westminster to embrace corporate transparency, finding out who owns a company in one of these island havens is, in theory at least, a piece of cake.Take the Cayman Islands. Continue reading...
theguardian.com
The row over Rutland: can England’s smallest county survive?
Its council is due to merge with Leicestershire’s in 2028, and some locals are incensed. Can the county hold on to its ceremonial status – and biggest selling point?Mysterious disappearances have been taking place lately in Rutland, an East Midlands pocket between Leicestershire, Lincolnshire and Northamptonshire that is often considered to be England’s smallest county. Usually, there are road signs when driving into a new county welcoming you over the border. But in recent months, these have been going missing. After 10 signs vanished, the council decided to remove the remaining 17. Now there are no official “Rutland” signs at all.The area’s MP, the Conservative Alicia Kearns, is “not sure” what the motivation behind the thefts is. But they are certainly a fitting metaphor for Rutland’s disappearing status: its council is due to merge with Leicestershire county council in spring 2028. Continue reading...
bbc.co.uk
Why Tesla has been caught up in a massive car recall in China
The country's biggest ever car recall affects more than four million vehicles made by Tesla, XPeng, Xiaomi and other firms.
bbc.co.uk
Musk's rocket firm SpaceX to build $100bn launch facility
It will be the firm's biggest site yet and aims to send rockets to space in 2029.
bbc.co.uk
The Interview
Maura Fogarty speaks to Joe Ngai from McKinsey China about business in the region
bbc.co.uk
AI gold rush draws crypto firms away from Bitcoin
The price of Bitcoin has risen in August but is still far below its peak almost a year ago - and companies are refitting their mines.
bbc.co.uk
Firms scramble for battery power in Spain and Portugal
After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.
bbc.co.uk
Back to school: How parents can save on uniform costs
From baby banks to supermarket deals, there are many ways parents can ease the back-to-school burden.
theguardian.com
‘They make life much easier’: AI-powered shopping trolleys go on trial in Lancashire
Customers give their verdicts as a Morrisons store becomes first in UK to test trolleys that scan, weigh and tally costsLancashire has been the site of many British innovations throughout history, from the spinning jenny, which transformed textile production, to the creation of jelly babies.Now it has welcomed another first: AI shopping trolleys. Continue reading...
bbc.co.uk
Who does Iran trade with and what could Trump's 'economic D-Day' mean?
Iran is no stranger to US sanctions and has developed deep economic ties with several countries.
bbc.co.uk
More than 70,000 social and affordable homes to be built across England over 10 years
Funding has been granted to Greater Manchester, the West Midlands and West Yorkshire as well as £6bn for London.
bbc.co.uk
OnlyFans owner was paid over $700m before his death
The site hosts a range of subscription-based content from cooking to fitness videos, but it is best known for pornography.
theguardian.com
Year of after-school care now costs £2,800 a child in parts of UK
Bills have jumped 42% in England over the past 10 years – and that excludes the cost of breakfast clubs and extracurricular activities Parents of primary schoolchildren in England will pay 42% more for after-school childcare this year than they did 10 years ago, with annual bills now exceeding more than £2,800 a child in some parts of the UK.A Guardian analysis of data collected by the children’s charity Coram has revealed that the annual cost of after-school care for children aged 5 to 11 in England has risen by 5% over the past year to £2,636. Continue reading...
bbc.co.uk
Iran says it is 'fully prepared' to counter widened US economic sanctions
The US calls its latest sanctions on Iran an "economic D-Day", but Tehran says it has a plan to address them.
bbc.co.uk
Burnham refuses to rule out tax rises in autumn Budget
Experts have warned that he and Chancellor John Healey will have little room to manoeuvre in their first Budget.
theguardian.com
Lloyds Bank is holding on to our urgently needed £5,500
We want our balance back, but we can’t access the money to pay for essential repairs and settle an electricity billLast November, Lloyds Bank informed me, in my role as treasurer of my parish church, that the church account was to be closed and that I should open a new business account instead. This can only be done online, but a fault with their system prevented me – and local branch staff – from doing so.At the branch staff’s suggestion, I opened the new account with a different bank in early March. Since then, I’ve been trying in vain to get Lloyds to transfer the balance from the closed account. Continue reading...
bbc.co.uk
Drought leaves 'barely any apples' to make cider
Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.
theguardian.com
The other Post Office scandal: how organised crime launders money on the high street
Hundreds of millions of pounds of dirty money are being deposited at post offices every year. So why are the police reluctant to investigate the scale of the problem?Last chance to buy the summer issue of The Long Read magazine, now with 15% off. Click here to order Leicestershire police won’t say who first told them about Jigar Gheewala, but you can see why, once they had heard of him, they decided to find out more. Gheewala was unemployed, had no apparent income, yet lived in a £1.3m house and sent his three children to private school. “He was a declared bankrupt, with a bank account that was absolutely not reflective of what it should be,” said financial crime supervisor Laura Panter of Leicestershire police’s economic crime team. “That was our starting point.”Over the course of 2020, despite being on benefits, Gheewala’s bank account received more than £880,000 in cash in 200 different deposits. He was, it turned out, a money launderer, but not the kind you’ll see in the movies. Gheewala’s deposits had been made not in Liechtenstein or on Grand Cayman, but at various post office branches in Leicester, one thick wodge of banknotes after another. Continue reading...
bbc.co.uk
US-Canada trade war escalates as Trump threatens tariff hike on vehicles
Mark Carney accused Trump of wanting to "destroy" Canada's auto industry, and said he would only resume trade talks if the US comes with the "right attitude".
bbc.co.uk
How Canada could hit back to hurt the US economy - and Trump
What leverage does Canada, which sells about 70% of its exports to the US, actually have in this spiralling trade dispute?
bbc.co.uk
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
bbc.co.uk
New 10p coin enters circulation - will you spot one?
The coin has been designed to feature King Charles III and a Scottish grouse close to extinction.
bbc.co.uk
Coin hidden in 1971 earns finder free pint of beer
The card, discovered by Ellie Mead in Bicester, promised "one pint best beer if penny returned".
bbc.co.uk
Business Daily
European governments and businesses are taking a tougher line on trade with China
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
The critical tech staying safe by going underground
The war in Ukraine has spurred people to consider putting vital infrastructure underground.
bbc.co.uk
Protein or pickled garlic? What's new in ice cream
There's a constant battle in ice cream to come up with new flavours and to keep costs down.
bbc.co.uk
Why Japanese firms are being so slow to use AI
Japanese risk aversion and conservatism blamed for slow AI take-up by the country's business sector.
bbc.co.uk
Tokenomics: Why making AI pay is tricky
Buyers of AI services are struggling to control costs and sellers are not sure how much to charge.
bbc.co.uk
'I started in my 20s and made £8,000': Why women are often better investors than men
Women can make higher returns but only about a quarter of UK women have investments, compared with about 40% of men.
bbc.co.uk
'You could smell someone' who worked at Raleigh
The company was more than just a employer. For years, it was part of the fabric of Nottingham.
bbc.co.uk
Why airlines are warning over lithium-ion batteries
The airline industry wants passengers to be careful when travelling with lithium ion batteries.
bbc.co.uk
Argos is getting a makeover - but can it attract new shoppers?
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around?
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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